An investigation on behalf of investors, who currently hold shares of KapStone Paper and Packaging Corp. (NYSE:KS), was announced concerning whether the takeover of KapStone Paper and Packaging Corp. by WestRock Company is unfair to NYSE:KS stockholders.

The investigation by a law firm concerns whether certain officers and directors of KapStone Paper and Packaging Corp. breached their fiduciary duties owed to NYSE:KS investors in connection with the proposed acquisition.

On Jan. 29, 2018, WestRock Company (NYSE:WRK) and KapStone Paper and Packaging Corp. (NYSE:KS) announced the signing of an agreement, pursuant to which WestRock will acquire all of the outstanding shares of KapStone Paper and Packaging Corp. for $35.00 per share and will assume approximately $1.36 billion in net debt, for a total enterprise value of approximately $4.9 billion.

However, the investigation concerns whether the offer is unfair to NYSE:KS stockholders. More specifically, the investigation concerns whether the KapStone Paper and Packaging Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

KapStone Paper and Packaging Corp. reported that its annual Total Revenue rose from over $2.78 billion in 2015 to over $3.07 billion in 2016.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) closed on February 7, 2018 at $34.53 per share.